Acquisitions (Tables)

3 Months Ended

Mar. 29, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase price was as follows:



In thousands	November 15, 2013
Cash	$	8,792
Accounts receivable	49,967
Inventory	71,050
Other current assets	29,889
Total current assets	159,698

Property, plant and equipment	158,000
Goodwill	38,514
Intangible assets	85,000
Other noncurrent assets	1,403
Total assets acquired	$	442,615

Current liabilities	$	84,185
Financing Obligation	20,300
Long-term debt	19,391
Deferred income taxes	20,649
Other noncurrent liabilities	9,479
Noncontrolling interest	849
Total liabilities assumed	$	154,853
Net assets acquired	$	287,762

Schedule of Acquired Finite-Lived Intangible Assets

The Company recorded intangible assets based on a preliminary estimate of fair value, and consisted of the following:



In thousands	Useful Life	Amount
Technology	15 years	$	9,000
Trade names	Indefinite	2,000
Customer relationships	15 years	69,000
Other	5 years	5,000
Total		$	85,000

Schedule of Acquistion Related Costs

Acquisition related costs were as follows:



In thousands	Amount
Loan acquisition costs	$	16,102
Transaction expenses	18,306
Total	$	34,408

Business Acquisition, Pro Forma Information

The following unaudited pro forma information for the three months ended March 30, 2013 assumes the acquisition of Fiberweb occurred as of the beginning of the period presented:



In thousands	Three Months Ended March 30, 2013
Net sales	$	405,639
Net income (loss)	(7,014		)